AUD/USD climbs as ceasefire rally meets a PCE wall

AUD/USD rose 0.56% on Thursday, extending its winning streak to four sessions as the ceasefire-driven risk rally continued to lift the Aussie Dollar. The Australian Dollar gained ground for a fourth consecutive session, pushing toward 0.7100 for the first time since late March.February Personal Consumption Expenditures data came in hotter than forecast, with headline PCE printing 2.8% YoY… AUD/USD rose 0.56% on Thursday, extending its winning streak to four sessions as the ceasefire-driven risk rally continued to lift the Aussie Dollar. The Australian Dollar gained ground for a fourth consecutive session, pushing toward 0.7100 for the first time since late March.February Personal Consumption Expenditures data came in hotter than forecast, with headline PCE printing 2.8% YoY against a 2.6% consensus.The US-Iran ceasefire continues to fuel risk appetite, but Friday's Consumer Price Index report could shift the narrative sharply.Rate futures now price the Federal Reserve holding at 3.50%-3.75% through at least September.AUD/USD… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.